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US to become net exporter of energy

The United States will become a net exporter of energy within the next 15 years under most scenarios examined by the U.S. Department of Energy, according to a report released Thursday.

The department’s Annual Energy Outlook 2017 presents updated projections for U.S. energy markets through 2050 based on eight scenarios. It is the first time that the department has published projections through 2050.

Petroleum liquid imports will likely fall, the department anticipates, and natural gas exports should rise. The country’s rich shale fields and technological advances will combine to produce oil and gas at lower prices.

If oil prices also rise, oil companies will boost production even as the high prices tamp down domestic consumption, “enabling the most rapid transition to net exporter status,” the report says.
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There is more.

The US has come a long way in the few years since Democrats were saying that it could not drill its way out of high priced gasoline. I have yet to hear them admit that they were wrong about that. With the Trump administration deregulating much of the impediments to development of resources imposed by the Obama administration it is likely that the crossover point to net exporter may come much sooner.

Trump has also indicated that he will open up more federal land to energy development. I think he should start by reversing Obama's attempt to excluding exploration in offshore areas and parts of the West. He should also lift restrictions on drilling in Alaska.

"It continues. Have seen gunships firing and heard much activity in the last few hours."...
The Iraqi claim is plausible. It is just the kind of thing that could be expected from ISIS forces. ISIS is in a desperate fight and appears willing to pull down all those around them as they lose.

Some injuries were reported and more than a dozen people were arrested after opposing sides clashed at dueling pro- and anti-Trump rallies, Berkeley, Calif., police said.
The liberals engage in projection by calling Trump supporters fascists, when it is in fact, their supporters who are sparking the violence in Califonia. There is a strain of intolerance for other points of view that is enforced by people dressed in black and their faces covered. They physically attack Trump supporters or other conservatives. These people may wear black but the are the Brownshirts of liberal fascism.

Fuel Fix:
OPEC producers took another 153,000 barrels a day off the market in March as part of its bid to drain the world’s oil glut.

In the cartel’s monthly report released Wednesday, independent sources reported the group of oil-producing countries has cut output by 1.1 million barrels a day since December.

Last month, Libya’s output dropped by nearly 9 percent, and production edged lower in the United Arab Emirates, Venezuela, Nigeria, Iran, Angola and other countries. Saudi Arabia raised production by 41,000 barrels a day.

That effort has pushed oil prices above $50 a barrel in recent months, breathing life into U.S. oil patches like the Permian Basin. U.S. crude rose 16 cents on Wednesday to $53.56 a barrel on the New York Mercantile Exchange, as traders reacted to media reports that Saudi Arabia, the cartel’s de facto leader, wants to see OPEC continue production cuts into the second half of this year.

But even as the Organization of Petroleum Exporting Countries works to slow…